Hundsun Technologies to hold shareholder meeting on governance and capital changes

Hundsun Technologies Co., Ltd. will hold its second extraordinary general meeting of shareholders for 2025 on December 22, 2025, at 10:00 AM in Hangzhou. The agenda includes proposals to abolish the supervisory board, amend the company's articles of association, and revise several internal management systems. These changes aim to enhance corporate governance in line with the latest regulatory requirements, specifically by transferring supervisory board functions to the board of directors' audit committee and introducing independent director and specialized committee sections within the board.

The company's registered capital will also see an increase, from RMB 1,891,767,475 to RMB 1,894,734,207. This adjustment reflects the exercise of stock options from the 2022 and 2023 employee incentive plans, with 2,966,730 shares from the 2022 plan and 2 shares from the 2023 plan being registered in the third and first quarters of 2025, respectively. Shareholders will also vote on a proposal regarding the repurchase of unvested shares from the 2022 and 2023 employee stock ownership plans.